Avidia Bancorp Q3 2026 net income swings to $8.6 million profit year-on-year
AVBC•Avidia Bancorp reported third-quarter 2026 net income of $8.6 million, up 20% from the prior quarter. Net interest income rose 6% to $25.5 million, while provision expense for credit losses fell 76% to $211,000.
1. Quarterly results
Avidia Bancorp’s third-quarter 2026 net income increased 20% from the prior quarter to $8.6 million, benefiting from higher loan yields and lower provisions. Net interest income climbed 6% to $25.5 million, and total net revenue was $31.16 million. Provision expense for credit losses dropped 76% to $211,000.
2. Capital returns
Share repurchases totaled $23.8 million through September 30 under a $30 million authorization. The company said a quarterly cash dividend of $0.06 per share is payable about November 30, 2026, to stockholders of record November 17.
